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in the regional economy and again there is so much business activity. and we are blessed with just being in this part of the country and the world. i'm very interested in what we are going to hear from our speakers this morning to sort off guide us through this year. now before we get to our program please join me in thanking the organizations and people who made this possible. and you can clap now for awful them but -- this event is jointly presented by san francisco business times and our partner, title sponsor corn irand carey commercial new mark, night, frank. and we are going it hear from dan clef man and dan class man some 14 year ago really came up with this idea, we sat down over lunch and there was another person involved allen cline knelt and which came up with this idea and so i have to give dan much much credit for that. (applause). . very much so. and in 2012, cornish and carey, dominated the area of commercial real estate with over $6 billion in leasing and sales transactions so very good there. and you are soon going to hear from dan and he is going to give us that a go
-run, healthy economy. that does have some effect on monetary policy. one of the most powerful tools we have is bringing down mortgage rates and stimulating home buying, construction, and related industries. so that is an issue we take into account. i would say one thing, which is that as the housing industry has strengthened and home prices have gone up, that has actually brought some people into the credit box, in the sense that the number of people, for example, who are underwater on their mortgages, is declining, as house prices go up. so as people have bigger down payments, bigger equity in their homes, they become more creditworthy. so to some extent, not -- i don't want to overstate it, but to some extent, monetary policy, by strengthening the housing market, helping support house prices, is bringing more people into the mortgage market. >> fox business. the stock market has been hitting all-time highs. it's recovered all of its losses from the financial crisis. i just want to know from you if i still have time to get in. but, seriously, how do you feel about that? is it good? is it b
part of the economy that's being left at a tivitate now, and where's the exit strategy? >> and i think revenue could be an issue. oracle is out with its third quarter. revenue came at 8.6 billion versus 9.3 billion, an estimate. jon fortt has all the numbers right now. >> let's drill down to some numbers, maria. exactly where oracle missed, because this is a miss. on new license and cloud revenue, the street was looking for 2.57 billion. they came in at $2.3. on hardware product revenue, the street wanted somewhere around $800 million in research. they came in at $671 million. that's well below their guided range on that. and on non-gap operating margin, they came in at 47%, which is right about where the street was looking. they don't give guidance until the call, but this is really important, because they're guiding into their biggest quarter, their fiscal q4. also, larry ellison has said the hardware business was going to have a transition quarter in q3. we should expect to start seeing it growing in q4, given this hardware number, it's going to be especially important for them to b
continue to grow an economy, even with a budget deficit, what you are looking at here is gdp but not the way that you are used to looking at it more often than that phot what we talk about d g t we focused on the economy quarter growth range and whether it grew during the quarter this teems you in terms of a absolutely level base basis and reason i'm showing it this way is because for all four quarters of last year the overall economy was better than the it was before the prerecession high water mark and we have turn the quarter into a new expansion and if it didn't feel that way it that is to do with this the none farm payroll and each bar here represents a single month's change in the total number of people who have a job and you add up all of knows jobs that was loss during the recession it's 8.8 million people and we have only created five and-a-half million total job and that leaves us with a deficit of three or so million jobs and we are cranking out more in terms of goods and services but we are doing it with 3 million fewer people in the workforce and is to some exten
this going as well as it is because it's really a commitment to the economy of the whole region as to this particular project. having said that, the super bowl bid is an incredible thing and the strength of our bid is a collaboration of this whole region. this is how we think we will win this bid. this is not for any one particular city, it's us working together. not only on transportation issues, not only on cites, but all the hospitality that we have set. i want to thank all the regionals for working together. we want that super bowl xv very badly. we think we have the greatest opportunity to work for it and not only to win that bid, but to get ourselves in an incredible rotation for other super bowl hosting. we look at this long-term and it's the reasonable approach that will give us the strengths for the nfl to take into consideration. i want to be thankful for all the regions mayor's for joining us and the 49er organization. they brought us together at this time. it's going to be a great thing for san francisco. thank you. >> thank you for coming out. this is an amazing sit
the world's second largest economy, after the united states. and it is the second largest foreign holder of u.s. debt, about 7.5% of the total. but the two nations' economic relationship has been marred recently by allegations of widespread cyber-attacks on american targets. >> increasingly, u.s. businesses are speaking out about their serious concerns about sophisticated, targeted theft of confidential business information and proprietary technologies through cyber intrusions emanating from china on an unprecedented scale. >> woodruff: china's foreign minister initially dismissed the allegations, but on tuesday a spokeswoman took a different tone. >> ( translated ): what the internet needs is not war but rules and cooperation. china is willing, on the basis of the principles of mutual respect and mutual trust, to have constructive dialogue and cooperation on this issue with >> woodruff: u.s. officials welcomed that statement, and today, white house press secretary jay carney said president obama telephoned xi to congratulate him on his election. as for the cyber-attack issue... >> i can
the day. from the economy to earnings now. we get a number of interesting quarterly reports due today as well. before the bell, we'll hear from fedex, general mills and lennar and this afternoon we have oracle. a lot to chew on for the markets. s&p by the way coming off its first three-day decline of 2013. take a look at u.s. equity futures at this hour. green arrows across the board. and then of course there's cyprus. the country's leaders are holding crisis talks today trying it avert a financial meltdown. the parliament rejected an unprecedented tax on bank deposits. that was a key part of the eu bailout terms. the finance minister is in moscow today with mounting speculation that russia could step in with a safety plan to safeguard russian deposits in cyprus. steve sedgwick is in moscow where he caught up with the finance minister there an hour or so ago. steve? >> they turned to russians once again. there's a loan on the table from russians dating back from 2011 so it's not the exception to it the rule for the cypriots to turn to the russians. the russians themselves are indignan
roofers and home inspector and is then that has a booying fantastic on the overall economy having said that i'm not living with my head in the sand here i recognize that a lot of markets are still suffering a little bit and this graph show you's you the change of value in home price from their local market peak to where they are at present the case sowler composite and san francisco is halfway through the pack there down to about 33% and so whole values are still off from where they were before but if you look at where we are from the low point until where we are today, san francisco is looking a little bit better and oakland is not a member city and they randomly take 20 cities that are plead broadly representative of the housing market and san francisco is the second line on here and posted as one of the naysest paces of recovery and so we get some help from residential construction and we also get help from securelier spending this is what i'm showing here and this is the debt service ratio and it's an interesting concept if says if you add up my mortgage payment and car payment and
, and for the 8th year in a row the access and cost of health has come out no. 1 after the economy. the economy is a little bit broad to deal with. that was no. 1. but health was came as far as something that we can do something about. the interesting one for no. 2 and this is the third or fourth year in a row that the quality of public education came out no. 2 and i think when people talk about small business issue, they don't think about that one. no. 3, no surprise, regulations. no. 4, taxation. no. 5, this is another one that i find can kind of interesting. last year it was actually no. 4, but infrastructure. small businesses are concerned about infrastructure, and it's been borne out again by the survey. as far as some of the interesting specifics of the respondents, 48% provide health insurance, 52% did not provide health insurance. interestingly enough and maybe i will talk a little bit more, 74% almost had never heard of the small business tax credit. 63% had never talked to their state senator. their assembly person or to the governor, which i think is a little scary and it's something
the importance of the other nine to five economy. the impact of all that you do has an impact on our job situation and local economy, and to highlight all of the great work that we can do together to ensure that the sectors that you all represent, the sectors that you work for, that you employ people for connaught is one of the greatest sectors in san francisco. i hope we will take the opportunity of the america's cup to showcase our clubs, our restaurants, our nightlife events. as someone who represents the broadaway neighborhood, an area of town that i used to spend a lot of time in when i was in my 20's -- but actually, very few locals take the time to head to the beach on broadway. our neighborhoods are coming together to say that broadway is open to the rest of the world as well as san francisco. i want to put san francisco back on the map when it comes to music. to make sure that we have the type of entertainment that we used to be renowned for. and those of you that work in our bars and clubs, i want to make sure that we are trading the kind of destinations that we look forward to
at the hp pavilion ahead of tomorrow's slate of games. >> the fans equal a win for san jose's economy. monte francis live in san jose where you spoke to downtown businesses with more on the economic impact. good morning, monte. >> marla, good morning. in 2010, this tournament generated about $20 million for san jose's economy. expectations this time around are just as high. as you said, college basketball fans from across the country flying into san jose for the tournament. hotels, bars, restaurants in downtown san jose are hoping to recover some of the money they lost with nhl lockout this past season. we're told right now many hotels in san jose are fully booked. when it comes to ncaa's impact on the local economy, there is a trickle down effect. the ceo of the san jose silicon valley chamber of commerce says when the hotels are booked, that translates to more revenue for restaurants, bars, and cafes. >> the expectations are always high. obviously the economic impact can vary. i think the numbers we heard from 2010 were about $20 million in economic impact. so whenever you can bring people
care, and the future of the economy in europe, people at the event told us the tone was encouraging. >> the economy is in the process of healing. the economy is better, it has a ways to go, unemployment is a couple percentage points lower than it was. it was the stanford institute for economic research. the summit is in the 10th year. >>> on keat is -- wall street closed a little bit lower. >>> from a u.s. marine to the san jose police force, one of dozens of stories at the police academy graduated a new closs. how this graduation comes after years of cut backs. >> 43 men and women entered this hall as civilians and they lefts asworn police officer. this is san jose police academy class 18. two women and 41 men marched into park side hall to graduate after the toughest six months of their lives. >> i prefer to think of the last six months and what we have accomplished. we're peace officers, we're realizing our dreams. >> it will be a big honor to be a part of this. 33-year-old matthew barerra joined the department after spending years in the marin
for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and friends of the newshour. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to yo pbs station froviewers like you thank yo >> woodruff: china officially installed its new leader today. xi jinping took the final step in affirming his status, adding the post of president to his other positions of power. the delegates arriving at beijing's great hall of the people had been carefully selected. and once inside, they did just as expected, formally electing xi jinping as president. ( applause ) he was the only candidate, and won 2,952 votes. a lone delegate voted no, and three abstained. >> ( translated ): it meets the popular expectations, and it meets the expectations of the chinese people and t
by the state was a potential death now for the housing and our taxes stopped the growth of our economy. we in this room and many of us working together took on the story changes for our city some of which have vexed for years >> years. i'm proud that together we through innovation and we foerjd our way ahead. to the city commissioners and to the department heads and to our friends in the business, labor you think non-profit and other communities who spent countless hours with us in negotiations and to the great people of san francisco who rewarded us with your support at ballet in san francisco thank you, very much. together we're putting san francisco back on the right track and building a solid foundation for all our residents. my fellow san francisco's we're living in a time of astonishing innovation and unlimited process we're driving that innovation and for or against the future right here right now not just for san francisco but for the whole world. within the lab of our technologies we're developing techniques will will save lives. to our market district we're providing the world w
to in our economies is the keys key to success and we're making progress. san francisco unified continues to be the hive urban development are high. we've seen double digit high-grades among our latin and africa kids >> results are being recognized for our achievement we received a federal grab the to bring job training in our mission neighborhood. the supervisor knows about this. these gains are possible because reforms are underway the partnership are in place. for our kids to succeed in this economy we must do more. that's why this year i will propose in my budgeted more resources more than $50,000,000,000 and $25 million for preschool activities. i view education as an be investment not an expense. the folk in the road for many kids and many families the point at which they decide they're though stay in san francisco or leave. you're going to hear me talking about this layoff a lot this year. i want our middle squirrels to courthousess choose the road to success notes the road that leads to trouble or and is the one of the 3 san franciscans who went there know we must continue to pre
. they said the tone was encouraging. >> the economy is in the process of healing. the economy is better, it has a long ways to go, unemployment is a couple percentage points lower than it was a cupper year ago -- couple years ago. the summit is now in its 10th year. >>> teachers have reached a new contract agreement following 10 months of negotiations. the teachers union said the wage increase for this year and next total 4.5%. class sizes are protects. negotiations had reached an impasse until the assembly member agreed to mediate. >> the sim tommy -- symphony grocers are back at the table. they want a wage increase saying they are losing musicians to other orchestras. they are in the top three highest paid symphonies. >>> casino workers took to the streets demanding better pay. >> housekeeping, gaming and food service workers rallied with supporters, workers have been struggling to earn a living wage. the protest comes after a judge cited the casino for labor law violations on march 5. >>> for many people celebrating st. patricks day means drinking.
measures also create good quality american jobs that can help grow our economy for the future. it's a win-win that we should all support. that's why last month i reintroduced two bills that would help our local communities implement these cost saving measures. one is the coastal state climate change planning act which would provide for coastal states who wish to carry out adaptation projects in order to prepare for the impacts of climate change. and another bill is the water infrastructure resiliencey and sustainability act, supporting states wishing to update their aging storm, waste and drinking water systems in order to adapt for climate change. these bills would help our local communities to plan and prepare for the impacts of climate change and increased extreme weather. our communities deserve protections from these potentially devastating events, and we have a responsibility to help. mr. speaker, we have a choice. we can continue to spend tens of billions of dollars annually on emergency aid packages that will only grow in size and quantity or we can spend a fraction of that on pla
for the sake of balance, my goal is how do we grow the economy, put people back to work? and if we do that we are going to be bringing in more revenue. >> patty murray will unvail the democrats budget plan and the white house says president obama will release his budget the week of april 8th. also today president obama will meet with ceo's from major companies to get their input on how the government and private sector can best work together to improve cyber security. coming up why the director of national intelligence says cyber attacks now pose more of a threat to the u.s. than a terrorist attack. >>> time now 5:07. let's check in with sal. already we are following fog and crashes a busy morning. >> it is busy already. pam, welcome back. the traffic is moving along pretty well if you are driving in many areas. but it's foggy. i can show you the east shore freeway. if you look at the screen you can see is cars moving through. very thick fog. when you two to the toll plaza just a little bit away you can see fog here. not a lot of traffic yet. but mark and i will be the fog brothers this morni
the economy, put people back to work? and if we do that we are going to be bringing in more revenue. >> patty murray will unvail the democrats budget plan and the white house says president obama will release his budget the week of april 8th. also today president obama will meet with ceo's from major companies to get their input on how the government and private sector can best work together to improve cyber security. coming up why the director of national intelligence says cyber attacks now pose more of a threat to the u.s. than a terrorist attack. >>> time now 5:07. let's check in with sal. already we are following fog and crashes a busy morning. >> it is busy already. pam, welcome back. the traffic is moving along pretty well if you are driving in many areas. but it's foggy. i can show you the east shore freeway. if you look at the screen you can see is cars moving through. very thick fog. when you two to the toll plaza just a little bit away you can see fog here. not a lot of traffic yet. but mark and i will be the fog brothers this morning.
lots of money into local economies. >> the san francisco controller's office came out with a report last year that said $4.2 billion was pumped into the san francisco economy from the nightlife directly. >> it would probably be bad for, like, police enforcement, those having to do their job more. >> there's a school of thought goes, wait a minute, there's nothing good that happens after 2:00. [ laughter ] >> i don't know. a lot of good things happen after 2:00! [ laughter ] >> reporter: just so it's clear, the law as it stands now allows some places to stay open until 4:00 am. they just have to cut off alcohol at 2:00 am. back here, they have to cut it off at 2:00 am, and everybody has to go home at 1:00 am. >> so are people worried that by keeping the bars open longer, it may lead to more problems like fighting and even duis? >> reporter: that is a good question. and the senator said they looked at the scientific data in other cities that do this, las vegas, and new orleans, and there are no facts to support what you might suppose, that there is an uptick in traffic wrecks and deat
the economy is on the mend. initial claims dropped 10,000 lower number than a 350 new filings many were predict brg that came out. scientists strength in the job market could intensify a debate at the fed. uncertain over the economy may be why working moms are looking for full time jobs. a spike in jobs seeking a full time over part time employment. the study found that shift has less to do with career am bigs than current realities. roughly half of the working mothers interviewed said fit hadn't been for the income they'd rather be home with children. >> about one in three american drivers uses his or her cell phone while behind the wheel. is that you? or me, perhaps? >> that is a rate higher than that compared to european drivers sowing shah that 69% of americans talked on mobile phones while driving. 31% read or send text messages. portugal came closest to the united states in talking and texting behind the wheel. >> is it's a big day saturday on the bay meadows race track. that is when the first homes go on sale. today, developers presented the mark next to the urban village will ha
property tax base, so housing prices, the strength of our tourism economy as well as job growth. as you might imagine, revenue projections are sensitive to the overall economic condition of the city so to the degree that the pay for the recovery is slower or federal spending cuts are more significant than what we -- than we're factoring in at the moment, those projections could change. overall, the plan assumes more conservative growth rates on revenue in the third, fourth and fifth years of the plan. one to have reasons for that is that we are now going into a pretty -- into a sustained period of economic recovery and over the last number of years, we know that we haven't been able to -- we've seen booms and busts in our economy so we need to be i think responsible in our revenue projections in those third, fourth and fifth years. there's still growth rates assumed but just at a lower level. >> ms. howard, quick question for you, and i appreciate that comment, i think as you look at economic cycles and so forth, you can make an argument that we're going into a shorter economic swing, h
. >> the economy is in the process of healing. the economy is better, it has a long ways to go, unemployment is a couple percentage points lower than it was a cupper year ago -- couple years ago. the summit is now in its 10th year. >>> teachers have reached a new contract agreement following 10 months of negotiations. the teachers union said the wage increase for this year and next total 4.5%. class sizes are protects. negotiations had reached an impasse until the assembly member agreed to mediate. >> the sim tommy -- symphony grocers are back at the table. they want a wage increase saying they are losing musicians to other orchestras. they are in the top three highest paid symphonies. >>> casino workers took to the streets demanding better pay. >> housekeeping, gaming and food service workers rallied with supporters, workers have been struggling to earn a living wage. the protest comes after a judge cited the casino for labor law violations on march 5. >>> for many people celebrating st. patricks day means drinking. the soaring cost of driving under the influence should have many thinking w
to be made by car, then there would be no more amsterdam economy because no one would be able to move about. there would be one giant traffic jam all day. so the bike is the grease in the amsterdam economy. you have to build less highways, you have to build less parking garage. you put the bike -- use very little space. where you have to build parking garage, they're very expensive. there are recent surveys that companies pay up to 30,000 euros, that's $50,000 per year per person to have them traffic by car to work, where as a bike costs only 250 euros so there are large benefits at stake. also, there is lots of surveys that show that people who live in towns where there is more cycling, people like to live there better than in towns where there is less cycling. there are an overwhelming lot of advantages on cycling and i'm going to put some -- and then this is what oakland should do as few of them -- recommendations that are put together oakland also could be used for san francisco. one thing is, if you want to have these advantages, for instance, if you're scared about all the money that
is in the economy. >> and the trickle up economics that is fueling the bay area recovery. how small businesses are building the boom one job at a time. >>> with the smirk on his face and a t-shirt with the word, killer scrolled on it, an ohio teenager appeared in court to hear his sentence for killing three classmates last year. 18-year-old, t.j. lane turned to the victim's families if court, cursed and made an obscene gesture. sentenced him to life in prison. he was not eligible for the death penalty because he was a minor when he opened fire on students in his high school cafeteria. the mother of one of the students killed called lane a quote, pathetic excuse for a human being. >> another campus tragedy averted by an alert student. tonight we are hearing from the young man who saw his roommate with a gun and then called police. cbs reporter, marchly hall, on the law enforcement response. >> police entered the dorm room of 30-year-old james oliver under the blare of a fire alarm they say he activated to lure students out of their room. they found him next to his bed, dead because of a self-
business reporters carolyn said on an upcoming article about recovering local economy from dbi permit issuance. since the uptick in the amount of permits we've been issuing on buildings is probably a good sign in terms of how the economy is going, so, that's going to be an article that's going to be coming out soon. i guess that's it for the report today. >> is there any public comment on the president's announcements? okay. seeing none, item 3, general public comment. the bic will take public comment on matters within the jurisdiction that are not part of this agenda. ~ is there any public available? seeing none, we will move on to item number 4. discussion and possible action to elect bic officers. 4a, waiver of bic rules to hold bic offer certificate election on a different date, 4b, election of president, 4c, election of vice president. >> so, we wanted to get some action on waiving the rules of the commission because we wanted to postpone the election of the board president and vice president till the next meeting when more commissioners could be present. >> i move to waive the r
we opened, which was a spectacular opening concert about five weeks after that the economy completely crashed. my plan -- and i'm absolutely dogmatic about my plans --were delayed slightly. i would say that in this very difficult timefor the arts and everyone, especially the arts, it's phenomenal how new century has grown where many unfortunate organizations have stopped. during this period we got ourselves on national radio presence; we started touring, releasing cds, a dvd. we continue to tour. reputation grows and grows and grows and it has never stopped going forward. msk(music) >> the bay area knows the orchestra. you maybe take things for granted a little bit. that is simply not the case will go on the road. the audiences go crazy. they don't see vitality like this on stage. we are capable of conveying joy when we play. msk(music) >> any performance that we do, that a program, that will be something on the program that you haven't heard before. string orchestra repertoire is pretty small. i used to be boxed into small repertoire. i kept constantly looking for new repertoire and
. >>> new report says california's economy will continue to improve with increase business investment and decreasing unemployment numbers. the forecast said it is estimated to grow 2% this year and 3% the following year. in california unemployment is expected to hit 9.6% this year and drop to 8.4 in 2014. >>> report shows retail spending is up despite higher taxes. americans spent at a fast pace in february. experts say the new numbers show people continue to spend even with higher payroll taxes cutting into their take home pay. experts predict a growth for the u.s. economy this year. >>> traders on wall street kept the market's streak going for a 9th day. the dow is up 5 to 14,455. the nasdaq is up 2 at 3,245. the s&p is up 2 to 1,554. >>> a new plan to extend last call has californians and bar managers worried. >> and we had numbers into the low 80s in some neighborhoods. more fog out there now and it will increase tomorrow, that mean as cool down -- means a cool down, how much cooler for your bay area thursday? i will have the details. . >>> we have breaking news right now from in
continue to be the leader in the world economy. we need the pope, get that done. italy needs to get a pope and get their economy back on track. costco good, target good, wal-mart good, j.c. penney, not so good. >> the important is if we do not send money the economy falters. >> i feel like at mcmahon, you are correct sir. we do pay attention to that. >> do we have and it's all coming out tomorrow? >> the most lanes/mob ever in the york for people. samsung employees. they're coming out of the phone tomorrow and it has samsung aquiver in. it is one-fifth of th10 years ago they we need t new products. >> the intent was sounds of all is the son was steeper than the five phones do you think that will help apple out if they have in the less-expensive iphone? >> yes i do. we go is a good success partner. sam's and has a good partner. did i were to marry samsung or apple i would do well. as long as i don't marry nokia. they aren't bad, motorola is dead. samsung and apple are the two players. it is not a pie they make, and is not a pie they get. i is good. they are the two best pipe makers if you g
, health care, and the future of the economy in europe, people at the event told us the tone was encouraging. >> the economy is in the process of healing. the economy is better, it has a ways to go, unemployment is a couple percentage points lower than it was. it was the stanford institute for economic research. the summit is in the 10th year. >>> on keat is -- wall street closed a little bit lower. >>> from a u.s. marine to the san jose police force, one of dozens of stories at the police academy graduated a new closs. how this graduation comes after years of cut backs. >> 43 men and women entered this hall as civilians and they lefts asworn police officer. this is san jose police academy class 18. two women and 41 men marched into park side hall to graduate after the toughest six months of their lives. >> i prefer to think of the last six months and what we have accomplished. we're peace officers, we're realizing our dreams. >> it will be a big honor to be a part of this. 33-year-old matthew barerra joined the department after spending years in the marine corps. i've seen e
in economy plus and promise of a refund for an upgrade never received. >> we got home, we started to call and got nowhere. >> they call and wrote to united. they said the airline would not reimburse miles because they flew back in economy plus. >> we were told by a friend to contact 7 on your side. >> good idea. we contacted united airlines which looked into this case. weeks later the airline reimbursed 40,000 miles to the account. united tells us because upgrade wasn't available on return we placed them on a wait list and an agent offered comply meantry extra leg room economy plus seating. after returning home another agent delayed reinstating miles. we have reinstated the miles and apologized for inconvenience. >> we were happy to get our miles back thinking would it never work. you came to our rescue. >> the policy says you can use miles for upgrade but only if there are seats available in business or first class sections. >> they got their miles. >> yes. >> just ahead at 6:00 labor dispute involving garbage worker asks a program at the center of the controversy. >> also a lawmaker exp
to support the innovation economy in the united states. we are looking to produce better and new jobs and position to ensure that america remains at the forefront of the economy in the 21st century. we are working to ensure that all americans have the resources and the skills necessary to fully share in all of the possibilities, civic, social, and economic. all of these made possible by the internet. that is one of the reasons we are here today. he discovered for the administration is the broadband technology opportunities program or btop. this program was established in 2009 by the american reinvestment and recovery act and is administered by ntia. we have nearly $4 billion invested in roughly 230 projects across the country, all aimed at expanding broadband access and adoption in the country. and i want to tell you a little bit about the programs and then tell you about why we care so much about this issue. so, we have the btop for infrastructure projects. these are building broadband networks in areas that are currently underserved. they are making sure that hospitals, schools, and
, giving spirit. visualize a future where the economy is growing at a steady pace, entrepreneurs are building businesses, taking risks, innovating, investing, employing millions of americans come and as they employ these americans, they move them up the economic ladder. we are able to pay off our debt. they are confident and proud of their country. partys a vision tea patriots have for america's future. [cheers and applause] a constitutionally limited, fiscally responsible government, where free markets thrive. [applause] and for this vision, we have been mocked, marginalized, and maligned by president obama, nancy pelosi's, and majority leader harry reid. and people from the republican establishment, like senators john mccain and lindsey graham. our are contemptuous of vision, and our vision is distinctly different from today's reality. our country is $17 trillion in debt, and we are headed to bankruptcy. our gross domestic product shrunk, and wall street profits it. seven out of the 10 wealthiest counties in america are right here in boom town d.c. like "the hunger games." corr
of the total economy were over 20%. in this republican fantasy land budgets are balanced with revenues at 19% of the economy, yet meeting the needs of 78 million more seniors and a infrastructure deficit that is growing as america is falling apart. clearly this is not remotely possible if we are going to enjoy anything like our current quality of life. there is a real world intersection of budget saving opportunities with potential areas of agreement. health care reform is one. but not just by shifting the burden to seniors and disabled as the republicans propose in their fantasy budget. my home state of oregon is the middle of an exciting demonstration of how to squeeze out the waste we all know is there and realign incentives. instead of the empty ritual of pretending to repeal obamacare, let's work together to accelerate reform for all americans. if the oregon experiment works, and frankly many of these efeshencies by the way are already achieved in other parts of the country and with some private health systems, we could save more than $1.2 trillion that is the flawed sequester is suppos
and also for future - for those growing children to contribute back to the economy of san francisco as well instead of moving out to the west bank and giving back to san francisco. i also think this is a great project because it has embraced green principles i think it has come up with a great water management solution that's incorporated into the project. so, anyway i'm a supporter for this project and i think the main talking point is how can we keep families centerly located in san francisco and not having to move out into the east neighbors and having them being pushed out to the peninsula. thank you very much a >> my name is a - i live on denver insure way is only two streets we live towards this new development. one thing i want to say i know the development head by the developer consistent represents to the city. the neighborhood that is monthly effected is not the 16 houses at the end of the cresting land street the forest development is some 2 hundred and some homes and their detached homes. you can expand and do thing and live there at peace. what the developer - if you look at h
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